Dodd-Frank Blog
NYSE Proposes to Modify Rules Regarding Delivery of Proxy Materials to Exchange
Public Companies and Securities The NYSE has filed a proposed rule with the SEC to amend the NYSE Listed Company Manual to modify requirements with respect to delivery of proxy materials to the NYSE. Currently Section 204.00(B) of the Manual requires listed companies to provide six hard copies of proxy materials not later than the date on which the […] Read more →
SEC Brings Enforcement Action for Inadequately Documented Perks but Does Not Impose Penalty
Litigation, Public Companies and Securities The SEC charged a biopharmaceutical company with committing a series of accounting controls and disclosure violations, including the failure to properly report as compensation... Read more →
SEC Halts Initial Coin Offering; Chair Clayton Speaks
Public Companies and Securities Munchee Inc., a California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO)... Read more →
U.S. House of Representatives Acts To Codify Registration Exemption for M&A Brokers
Broker-Dealer, M&A On December 7, 2017, the U.S. House of Representatives passed the “Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017 (H.R. 477).” The... Read more →
SEC Approves Revised NYSE Material News Release Rule
Public Companies and Securities The SEC has approved the NYSE’s proposal to amend Section 202.06 of the Listed Company Manual to prohibit listed companies from issuing material news after the official closing... Read more →
Critical Audit Matters (CAMs) and M&A
M&A, Public Companies and Securities The SEC has approved the PCAOB’s standard regarding the communication of critical audit matters for public companies, referred to as CAMs, which will provide information in the... Read more →
Apple Seeks to Exclude Shareholder Proposal Based on Board Process in SLB 14I
Uncategorized In the closely watch area of shareholder proposals, Apple is seeking to exclude a shareholder proposal regarding the establishment of a Human Rights Committee because it... Read more →
House Committee to Consider Repeal of Conflict Minerals and Mine Safety Disclosures
Public Companies and Securities The House Financial Services Committee has announced it intends to meet to consider mark-ups of bills to repeal the conflicts minerals disclosures (H.R. 4248) and mine safety... Read more →
U.S. House of Representatives Acts to Create New Category of Exempt Transaction Under the Securities Act of 1933
Broker-Dealer, Consumer Protection, Public Companies and Securities On November 9, 2017, the U.S. House of Representatives passed the Micro Offering Safe Harbor Act. The vote was largely along party lines, with Rep. Walter Jones from North... Read more →